NOT LISTED FOR SALE

241 Palm Ave Millbrae, CA 94030

Highlands Neighborhood

Estimated Value: $2,491,000 - $3,067,000

3 Beds
2.5 Baths
2,590 Sq Ft
$1,073/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $2,050,000 $792 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $16,712/month

5 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Breakfast Area or Nook
  • Spring Valley Elementary School Rated A-
  • Granite Countertops
  • 4-minute walk to Millbrae Spur Trail

About This Home

As of July 2018

Beautiful, historic Millbrae Mediterranean style home. Featuring original wood floors throughout, spacious formal and informal dining and living areas 2 fireplaces, ornate wrought ironwork, exposed beams, gourmet kitchen and large bedrooms, the most discerning buyer will fall in love. A spacious attached garage gives large amounts of storage space. Great location, just minutes from shopping and restaurants. Easy freeway access, great for your commute into the city. Close proximity to BART, Caltrain, SFO and freeways; near downtown, parks, and highly rated schools.

Last Agent to Sell the Property

Amanda Todd

Keller Williams Realty License #01934909 Listed on: 06/21/2018

Co-Listed By

Raymond Markarian

Marker Real Estate License #01963362

Last Buyer's Agent

Raymond Markarian

Marker Real Estate License #01963362

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1936

Lot Details

  • 5,519 Sq Ft Lot
  • Zoning described as R10006

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,590 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Sinks
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Laundry Tub
  • Electric Dryer Hookup

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 024-134-090

Home Details

Home Type

Single Family

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2590
  • Year Built: 1936
  • Zoning Description: R10006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook, Formal Dining Room
  • Kitchen: Countertop - Granite
  • Living Sq Ft: 2590
  • Stories: 1
  • Laundry: Electricity Hookup (220V), Inside, Tub / Sink
  • Flooring: Wood
  • Fireplaces Min: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Stall Shower, Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas, Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Parcel Number: 024-134-090
  • Lot Acres: 0.1267
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5520.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5520.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2018
Closed on
Jul 18, 2018
Sold by
Parker Randall A and Roy Shoma
Bought by
Yu Zhou and Yang Meixia
Seller's Agent
Amanda Todd
Keller Williams Realty
Buyer's Agent
Raymond Markarian
Marker Real Estate
List Price
$1,850,000
Sold Price
$2,050,000
Premium/Discount to List
$200,000
10.81%
Current Estimated Value
$2,778,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,328
Avg. Annual Appreciation
4.17%
Original Mortgage
$1,640,000
Outstanding Balance
$1,389,171
Interest Rate
3.53%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,389,157

Purchase Details

Closed on
Jun 18, 2012
Sold by
Parker Randall and Roy Shoma
Bought by
Parker Randall and Roy Shoma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 3, 2012
Sold by
Parker Randall A and Roy Shoma
Bought by
Parker Randall A and Roy Shoma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 17, 2009
Sold by
Saunders Donald Q and Saunders Cathy M Kline
Bought by
Parker Randall A and Roy Shoma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.01%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 23, 2005
Sold by
Saunders Donald Q and Kline Saunders Cathy M
Bought by
Saunders Donald Q and Saunders Cathy M Kline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 29, 1998
Sold by
Saunders Donald Q and Saunders Cathy K
Bought by
Saunders Donald Q and Saunders Cathy M Kline
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yu Zhou $2,050,000 Old Republic Title Co
Parker Randall -- Chicago Title Company
Parker Randall A -- None Available
Parker Randall A $1,130,000 North American Title Company
Saunders Donald Q -- North American Title Co
Saunders Donald Q -- North American Title Co
Saunders Donald Q -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yu Zhou $1,640,000
Previous Owner Parker Randall $250,000
Previous Owner Parker Randall $625,500
Previous Owner Parker Randall A $100,000
Previous Owner Parker Randall A $729,750
Previous Owner Saunders Donald Q $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2018 07/27/18 Sold $2,050,000 +10.8% $792 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $1,850,000 -- $714 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,390 $2,286,808 $1,600,767 $686,041
2023 $26,390 $2,198,010 $1,538,608 $659,402
2022 $24,275 $2,154,913 $1,508,440 $646,473
2021 $23,999 $2,112,661 $1,478,863 $633,798
2020 $23,604 $2,091,000 $1,463,700 $627,300
2019 $23,039 $2,050,000 $1,435,000 $615,000
2018 $14,442 $1,281,936 $640,968 $640,968
2017 $14,131 $1,256,800 $628,400 $628,400
2016 $13,950 $1,232,158 $616,079 $616,079
2015 $13,853 $1,213,650 $606,825 $606,825
2014 $13,536 $1,189,878 $594,939 $594,939
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Amanda Todd

    Keller Williams Realty

  • R

    Seller Co-Listing Agent in 2018

    Raymond Markarian

    Marker Real Estate

See All Agents

Map

Source: MLSListings

MLS Number: ML81711352

MLSListings

APN: 024-134-090

California San Mateo County Millbrae 94030 Highlands

241 Palm Ave, Millbrae, CA

Not Listed for Sale

Detached

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